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Assignment:
Managerial Economics. This question is about oligopoly.
Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 - 3Q. Each firm produces at a constant marginal cost of $300 and has no fixed costs. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior. The professor is also asking for optimal price for each (Cournot, Stackelberg, Bertrand, and collusive behavior). The question is similar to this one, but the additional task of optimal price. Show all calculations to derive answers and provide narrative if necessary. Please also so the first step of finding the reaction functions for firm 1 and firm 2.
Why society has chosen the Mixed Economy. Write a short essay using complete sentences and proper grammar which: Gives two goals desired by society that the pure market economy is largely successful in reaching and explain why the market is able to a..
What are the labor force and unemployment rates in 2007? What is the frictional, structural, and cyclical unemployment in 2007? What is the natural rate of unemployment in 2007
Why was/were the firm(s) investigated for antitrust behaviour? Identify some of the costs (pecuniary and non pecuniary) associated with the antitrust behaviour (firms having power in the market). Additionally, note the specific antitrust act (Clayton..
Identify the basic assumptions and values which underlie Genentech's culture, and (b) the characteristics which define organizational structure of Genentech.
Given what you know about the price elasticity of demand and addictive properties of crack, would you expect a sin tax that raises the price of crack by 15% to decrease the sale of crack by more than or less than 15%? Explain your answer.
Identify the steps you would take to increase worker's ability and motivation to improve organizational quality.
Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending Sept. 30, 2011.
Chapter 3 of Electronic Commerce: The Strategic Perspective describes a number of methods to attract visitors to a business website. Select three types of attra
Compute the least-squares line for predicting mileage from weight. If two trucks differ in weight by 5 tons, by how much would you predict their mileages to differ?
Calculate the marginal product and the marginal cost b. Calculate variable and total costs for every level of production. Use the Excel template provided
A firm must decide whether to provide their salespeople with firm-owned cars or to pay a mileage allowance for their own cars. New cars would cost about $28,000
Graph these two individual pollution demand curves and indicate the levels of pollution (both graphically and numerically) that will be produced by these plants in the absence of regulation.
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